Archive for April 2020
Payroll Updates as of 4/15/2020
1. Form 941 and Form 940 (Deposit Only) As of April 15, 2020, the Internal Revenue Service has NOT announced any extension about Form 941 which will be due by April 30, 2020. The Service neither announced the deferral of payroll taxes due in the month of April. 2. EDD Statewide – March 2020 Employers…
Read More[4/15/2020] Coronavirus 2019 (Covid-19) Tax Update 4
IRS provides additional extensions: Income tax filing and payment, estimated tax payments, IRA and HSA contributions The IRS has now expanded its extension relief to most taxpayers who had income tax filing and/or payment obligations due on or after April 1, 2020, and before July 15, 2020, including second estimated tax payments that fall within…
Read MoreCOVID-19 Extensions to File and Pay Sales Tax & Small Business Relief Payment Plans
A. COVID-19 Extensions to File and Pay In accordance with the Executive Order issued by Governor Gavin Newsom on March 30, 2020, CDTFA is providing an automatic three-month extension for a tax return or tax payment to any businesses filing a return for less than 1 million in tax without incurring any penalties or interest.…
Read MorePenalty for Property tax late payment can be waived
Under existing law, county tax collectors do not have the authority to extend the property tax deadline. Penalties can be waived under following two circumstances: Offices of any county tax collector are closed and, as a result, taxpayers are unable to make property tax payments to that county by April 10. Online payment and pay-by-mail…
Read MoreCity of Los Angeles – Emergency COVID-19 Ordinances
On March 27, 2020, the Los Angeles City Council approved the following emergency COVID-19 ordinances. 1) COVID-19 Supplemental Paid Sick Leave (“SPSL”)(Article 5-72HH)http://clkrep.lacity.org/onlinedocs/2020/20-0147-s39_ord_draft_03-27-20.pdf ApplicableEmployers are obligated to provide 80 hours of SPSL to applicable employees.The ordinance expires on December 31, 2020 unless the City Council takes action to extend the ordinance. Applicable employers The new…
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